Economy
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Iran, Russia to trade in local currencies instead of US dollar
Iran and Russia have finalized an agreement to trade in their local currencies instead of the US dollar, Iran’s state…
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Russia says redirected most oil exports to China, India
Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost…
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World stocks rally to highest in over a year as rate cut hopes hold firm
World stocks rallied to their highest levels since late 2022 on Wednesday, with year-end optimism high on hopes that major…
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Dubai’s red-hot, outperforming property market is bracing for correction in 2024
Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next…
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Daihatsu pauses production over safety scandal
Toyota-owned carmaker Daihatsu has closed all four of its plants until the end of January, after admitting it had falsified…
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Iran says oil exports at $26.4 billion in past nine months: State media
Iran’s oil exports have reached $26.46 billion since March, the Customs Administration head said on Tuesday, quoted by state media.…
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AstraZeneca to buy Chinese cancer drug developer for up to $1.2 billion
AstraZeneca Plc agreed to acquire Chinese cell therapy developer Gracell Biotechnologies Inc. for as much as $1.2 billion as the…
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Turkey’s IC Holding, Malaysia Airports seek deal on second Istanbul airport
Turkish infrastructure company and airport operator IC Holding AS is in talks with Malaysia Airports Holdings Bhd about a collaboration…
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Women-led UAE based startup Solumar, crowned winner of Sharjah industry accelerator
Solumar, a women-led UAE based startup, has been declared winner of the 4th Edition of the Sharjah Advanced Industry Accelerator…
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Russia short of around 4.8 mln workers in 2023, crunch to persist: Report
Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia…
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